Tag: African Development Bank

The African Development Bank, rated Aaa/AAA/AAA/AAA (Moody’s/S&P/Fitch/Japan Credit Rating, all stable), has launched and priced a $2.75 billion 5-year Global Benchmark bond due 22 July 2026, its second of the year. With this latest issue, the African Development Bank continues to carry out its funding strategy of issuing large liquid benchmark transactions and adds another on-the-run reference in the 5-year… Read More

Global credit rating agency Fitch Ratings has affirmed the African Development Bank’s credit rating at ‘AAA’, with a stable outlook. Fitch said the triple-A rating was driven by the ‘extraordinary support’ of the Bank’s shareholders. Fitch views the Bank’s risk-management policies as ‘conservative’ and assesses them as ‘excellent’, in line with AAA-rated peers. “Concentration risk is ‘low’, with the bank’s five largest exposures accounting… Read More

The African Development Bank’s Fashionomics Africa initiative and Google held a 2-hour virtual masterclass on using digital tools and social media for African fashion entrepreneurs. The online session, on 2 July, aimed to equip African fashion entrepreneurs with tools to plan and execute a digital marketing strategy; how to use social media and e-mail effectively; and creating a digital presence… Read More

The 2021 African Economic Conference (AEC), jointly organized by the United Nations Development Programme (UNDP), the African Development Bank (AfDB), and the Economic Commission for Africa (ECA) will be held in Cabo Verde, as well as virtually, from 2 to 4 December 2021. Since its inception in 2006, the AEC series has fostered dialogue and the exchange of knowledge on a variety… Read More

The Covid-19 pandemic has provided the impetus for a stronger partnership between India and Africa with potential benefits to both as they build back sustainably after the crisis, experts attending the 16th CII-Exim Bank Digital Conclave on India-Africa Project Partnership affirmed. Speaking at the virtual event’s opening, Subrahmanyam Jaishankar, India External Affairs Minister said the two sides must reinforce collaboration… Read More

Le Conseil d’administration du Groupe de la Banque africaine de développement a approuvé, le 14 juillet à Abidjan, un financement de 60 millions d’euros en faveur de la Tunisie pour la mise en œuvre du Programme d’appui à la relance économique et à l’inclusion sociale. Cette opération a pour principal objectif de soutenir la dynamique de relance économique par l’amélioration… Read More

Urging unity and action to accelerate nutrition targets amid the global Covid-19 pandemic, representatives of the African Development Bank, the Aliko Dangote Foundation and Big Win Philanthropy renewed their commitment to end child stunting and other forms of malnutrition through the Banking on Nutrition Partnership. The partners convened during a high-level panel discussion held on 8 July, organized by the… Read More

The Sustainable Energy Fund for Africa (SEFA) approved seven high-impact projects worth $54 million in 2020, its best year in spite of challenging Covid-19 conditions, according to its recently released 2020 Annual Report. SEFA, managed by the African Development Bank, focuses on green baseload, green mini-grid, and energy efficiency investments. The Fund, founded in 2011, transformed into a Special Fund… Read More

A jumbo road interchange financed by the African Development Bank Group has opened in the Ghanaian capital, Accra, amid hopes the new infrastructure will help reduce road fatalities, ease mobility and spur trade within Ghana as well as with its neighbors. Ghana’s President Nana Akufo-Addo commissioned the Pokuase Interchange – an array of swirling highways – at a ceremony held… Read More

An estimated 23,000 lives per year could be saved and up to $2 billion in economic losses averted by improving weather forecasts, early warning systems, and climate information in low- and middle-income countries, according to a new report issued by the Alliance for Hydromet Development. Known as hydromet, reliable and accurate weather and climate services, such as early warning systems,… Read More